Do Kwon was “handed over to the competent law enforcement authorities of the United States of America and agents of the Federal Bureau of Investigation (FBI)”, Montenegro’s interior ministry said in a statement.
He was extradited upon the decision of Montenegro justice ministry to face “criminal proceedings in the US for crimes of conspiracy to commit fraud”, the statement added.
For months, Seoul and Washington have been seeking the South Korean’s extradition for his suspected role in a fraud linked to his company’s failure, which wiped out about $40 billion of investors’ money and shook global crypto markets.
Last week Justice Minister Bojan Bozovic issued a decision approving the extradition after a year and a half of court rulings and subsequent reversals over it.
Kwon’s Montenegrin lawyers denounced the decision as contrary to European conventions on extradition, and said they will appeal to the country’s constitutional court and to the European Court of Human Rights.
“Today Montenegro completed the extradition of Do Kwon to the United States to face charges in the Terra/Luna case”, Prime Minister Milojko Spajic said on X.
“This extradition demonstrates our unwavering commitment to international justice and the rule of law!”
